Switzerland: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Switzerland

The Swiss plastic ornamental articles market rose markedly to $X in 2022, surging by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Plastic ornamental articles consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Ornamental Articles Exports

Exports from Switzerland

In 2022, overseas shipments of statuettes and other ornamental articles of plastic were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 50%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic ornamental articles exports skyrocketed to $X in 2022. In general, exports, however, showed a perceptible decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and the United Arab Emirates (X tons) were the main destinations of plastic ornamental articles exports from Switzerland, together comprising 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Switzerland, comprising 32% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by the UK, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.1% per year) and the UK (+8.6% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, rising by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Switzerland

In 2022, plastic ornamental articles imports into Switzerland contracted to X tons, almost unchanged from the year before. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 when imports increased by 17%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic ornamental articles imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Switzerland, accounting for a 57% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.2% per year) and Germany (-7.0% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Switzerland, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and France (+2.6% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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